Whole Bank and Thrift Deals Completed in the Third Quarter of 2002

October 17, 2002, 10:08 a.m. EDT 1 Min Read

View Table

Printer Friendly Version

Whole Bank and Thrift Deals Completed in the Third Quarter of 2002
Ranked by price at completion. Dollars in thousands Published October 17, 2002
			Date		Price		Price at completion to		Target's
	Buyer	Target	Announced	Completed	Announced	Completed	Book	12-mo. net	Branches	Assets

1	BB&T Corp. Winston-Salem, N.C.	Regional Financial Corp. Tallahassee, Fla.	May 22, 2002	Sept. 13, 2002	$274,637	$271,513	2.79	16.61	14	$1,585,362
2	Banknorth Group Inc. Portland, Maine	Bancorp Connecticut Inc. Southington	April 11, 2002	Aug. 31, 2002	157,925	158,022	2.36	16.93	7	676,210
3	First Community Bancorp Rancho Santa Fe, Calif.	First National Bank San Diego	April 29, 2002	Sept. 10, 2002	130,058	155,322	2.83	NM	9	649,131
4	Royal Bank of Canada Toronto	Eagle Bancshares Inc. Tucker, Ga.	March 26, 2002	July 19, 2002	153,434	153,750	1.93	NM	14	1,148,807
5	Sky Financial Group Inc. Bowling Green, Ohio	Three Rivers Bancorp Inc. Monroeville, Pa.	May 7, 2002	Sept. 30, 2002	161,069	142,752	1.57	16.09	27	1,010,450
6	United National Bancorp Bridgewater, N.J.	Vista Bancorp Inc. Phillipsburg, N.J.	Nov. 20, 2001	Aug. 21, 2002	151,835	139,632	2.11	13.2	16	698,772
7	South Financial Group Inc. Greenville, S.C.	Gulf West Banks Inc. St. Petersburg, Fla.	March 21, 2002	Aug. 31, 2002	115,049	121,338	2.53	18.46	15	516,041
8	Colonial BancGroup Inc. Montgomery, Ala.	Palm Beach National Holding Co. Fla.	May 28, 2002	Sept. 3, 2002	105,500	103,288	2.41	24.54	10	344,478
9	S&T Bancorp Inc. Indiana, Pa.	Peoples Financial Corp. Inc. Ford City, Pa.	March 20, 2002	Sept. 7, 2002	87,434	87,434	1.97	10.83	9	321,699
10	Synovus Financial Corp Columbus, Ga.	Community Financial Group Inc. Nashville, Tenn.	April 30, 2002	July 31, 2002	84,613	77,715	1.91	21.32	6	490,547
11	Hawthorne Financial Corp. El Segundo, Calif.	First Fidelity Bancorp Inc. Tustin, Calif.	March 20, 2002	Aug. 23, 2002	68,430	72,681	1.84	9.11	4	616,783
12	Prosperity Bancshares Inc. Houston	Paradigm Bancorp. Inc. Houston	May 2, 2002	Aug. 31, 2002	41,406	49,187	2.68	48.65	15	256,737
13	Banknorth Group Inc. Portland, Maine	Ipswich Bancshares Inc. Mass.	Feb. 27, 2002	July 26, 2002	41,441	40,725	2.54	14.54	10	321,115
14	Yadkin Valley Bank and Trust Co. Elkin, N.C.	Main Street BankShares Inc. Statesville, N.C.	Jan. 23, 2002	July 31, 2002	27,583	27,861	1.73	31.22	4	237,080
15	First Community Bancorp Rancho Santa Fe, Calif.	Marathon Bancorp Los Angeles	May 14, 2002	Aug. 23, 2002	19,109	22,765	1.74	18.22	3	109,304
16	FNB Corp. Asheboro, N.C.	Rowan Bancorp Inc. China Grove, N.C.	Feb. 12, 2002	Aug. 1, 2002	21,797	22,547	2.07	28.56	4	116,033
17	Community Bankshares Inc. Orangeburg, S.C.	Ridgeway Bancshares Inc. S.C.	Nov. 21, 2001	July 1, 2002	15,950	21,500	2.44	20.06	4	76,629
18	First Community Bancorp Rancho Santa Fe, Calif.	Upland Bank Calif.	April 18, 2002	Aug. 22, 2002	18,358	19,520	1.67	15.26	2	109,836
19	BCSB Bankcorp Inc. Baltimore	WHG Bancshares Corp. Lutherville, Md.	Feb. 27, 2002	July 24, 2002	19,457	19,457	1.08	41.34	5	163,892
20	AmericanWest Bancorp. Spokane	Latah Bancorp. Inc. Wash.	April 1, 2002	July 31, 2002	17,533	17,861	2.71	11.88	10	128,185
21	Southern Financial Bancorp Inc. Warrenton, Va.	Metro-County Bank of Virginia Inc. Richmond	April 25, 2002	Aug. 13, 2002	17,047	17,684	2.05	60.11	5	92,313
22	Abington Bancorp Inc. Mass.	Massachusetts Fincorp Inc. Quincy	April 10, 2002	Sept. 13, 2002	16,701	17,279	1.56	17	3	123,865
23	Northwest Bancorp Inc. Warren, Pa.	Prestige Bancorp Inc. Pleasant Hills, Pa.	Feb. 7, 2002	Sept. 13, 2002	14,728	14,728	1.26	NM	4	194,786
24	First Delta Bankshares Inc. Blytheville, Ark.	Bank of Trumann Ark.	April 12, 2002	Aug. 30, 2002	14,280	14,280	1.3	20.4	1	83,355
25	Sterling Bancshares Inc. Houston	ENB Bankshares Inc. Dallas	May 22, 2002	Sept. 13, 2002	10,098	10,098	3.01	55.48	2	66,607
26	First Security Group Inc. Chattanooga, Tenn.	First State Bank Maynardville, Tenn.	March 14, 2002	July 20, 2002	8,100	8,100	1.42	25	2	43,114
27	Bastrop Bancshares Inc. Tex.	CBCT Bancshares Inc. Smithville, Tex.	April 4, 2002	July 29, 2002	7,561	7,561	1.27	23.49	2	34,157
28	SBCP Bancorp Inc. Cross Plains, Wis.	Waunakee Bank Shares Inc. Wis.	April 29, 2002	July 31, 2002	6,765	6,765	1.22	NM	2	103,141
29	Richmond Mutual Bancorp Inc. Ind.	AmTrust Capital Corp. Peru, Ind.	Oct. 18, 2001	July 1, 2002	4,282	4,282	0.82	NM	6	83,601
30	Prosperity Bancshares Inc. Houston	First State Bank Needville, Tex.	April 26, 2002	July 12, 2002	3,725	3,725	1.69	84.66	1	17,316
31	Nelson/Martinson Purchasing Group Glenwood, Minn.	Financial Services of Lowry Minn.	July 10, 2002	Aug. 28, 2002	2,700	2,700	2.06	14.52	2	19,918
32	Texas United Bancshares Inc. LaGrange	Bryan-College Station Fin’l. Holding Co. Bryan, Tex.	Nov. 5, 2001	July 31, 2002	2,616	2,616	4.96	NM	3	83,536
33	First Southern Bancshares Inc. Carbondale, Ill.	Shawnee Bancshares Inc. Grand Tower, Ill.	April 26, 2002	July 10, 2002	892	892	1.24	NM	3	20,374
34	Pacific LifeCorp Newport Beach, Calif.	College Savings Bank Princeton, N.J.	Oct. 17, 2001	July 31, 2002	NA	NA	NA	NA	1	307,606
35	Oritani Savings Bank Hackensack, N.J.	Hamilton Bancorp MHC Union City, N.J.	Oct. 24, 2001	Aug. 23, 2002	NA	NA	NA	NA	5	124,951
36	Pinnacle Bancorp Inc. Central City, Neb.	Cook Investment Inc. Beatrice, Neb.	May 1, 2002	July 3, 2002	NA	NA	NA	NA	7	99,886
37	Sunflower Banks Inc. Salina, Kan.	Monte Vista Bank Corp. Colo.	June 22, 2002	Sept. 9, 2002	NA	NA	NA	NA	3	68,923
38	Tonganoxie Bankshares Inc. Kan.	Second Century Financial Perry, Kan.	May 2, 2002	July 10, 2002	NA	NA	NA	NA	2	34,139